The cabinet on June 3 approved a one-time budgetary support of up to Rs 10,000 crore for oil marketing companies (OMCs) to offer aviation turbine fuel (ATF) price-stabilisation support to Indian airlines, which have been hit hard by the ongoing Iran war.
The support shall be in the form of interest-free advances to OMCs through the demands for grants of the petroleum and natural gas ministry, the government said.
